H. B. Fuller (NYSE:FUL) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

H. B. Fuller (NYSE:FUL - Get Free Report) posted its quarterly earnings data on Wednesday. The specialty chemicals company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.10, Zacks reports. H. B. Fuller had a return on equity of 11.57% and a net margin of 3.17%.

H. B. Fuller Price Performance

NYSE FUL traded down $0.92 during mid-day trading on Wednesday, hitting $55.96. The stock had a trading volume of 733,330 shares, compared to its average volume of 468,945. The company has a 50 day simple moving average of $55.07 and a 200 day simple moving average of $58.59. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 0.86 and a beta of 1.12. H. B. Fuller has a 52-week low of $47.56 and a 52-week high of $87.67. The company has a quick ratio of 1.21, a current ratio of 1.97 and a debt-to-equity ratio of 1.23.

H. B. Fuller Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, April 29th were issued a $0.235 dividend. The ex-dividend date of this dividend was Tuesday, April 29th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.68%. This is a boost from H. B. Fuller's previous quarterly dividend of $0.22. H. B. Fuller's dividend payout ratio is currently 47.00%.

Analyst Ratings Changes

A number of analysts recently weighed in on FUL shares. Seaport Res Ptn cut shares of H. B. Fuller from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Baird R W upgraded H. B. Fuller from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. decreased their price objective on H. B. Fuller from $60.00 to $50.00 and set an "underweight" rating for the company in a research report on Friday, March 28th. Finally, Robert W. Baird upgraded H. B. Fuller from a "neutral" rating to an "outperform" rating and set a $60.00 target price on the stock in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $62.50.

Insiders Place Their Bets

In related news, CEO Celeste Beeks Mastin acquired 3,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were acquired at an average cost of $56.66 per share, for a total transaction of $198,310.00. Following the acquisition, the chief executive officer now directly owns 3,500 shares in the company, valued at approximately $198,310. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On H. B. Fuller

A hedge fund recently bought a new stake in H. B. Fuller stock. Strs Ohio purchased a new stake in shares of H. B. Fuller Company (NYSE:FUL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,800 shares of the specialty chemicals company's stock, valued at approximately $101,000. Hedge funds and other institutional investors own 95.93% of the company's stock.

H. B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.

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